Savings Vocab Crossword

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Across
  1. 2. An account at a depository institution that usually has minimum balance requirements and tiered interest rates.
  2. 6. How quickly and easily assets can be accessed and converted into cash.
  3. 7. Accounts offered by depository institutions whose main purpose is to help people manage their money
  4. 9. When you complete a task yourself rather than paying someone else
  5. 11. The purchase of goods and services
  6. 14. The amount of interest earned depends on the account balance.
  7. 16. An account at a depository institution that is used for a fixed period of time and allows restricted access to the funds deposited.
  8. 18. Businesses that provide financial services.
  9. 19. Percentage rate used to calculate interest.
  10. 20. Cash set aside to cover the cost of unexpected events.
Down
  1. 1. An account that allows quick access to funds for transactions.
  2. 3. An account at a depository institution that is designed to hold money not spent on current consumption.
  3. 4. The original amount of money saved or invested
  4. 5. Saving for the future by putting money aside before paying regular monthly bills or using income for discretionary purchases.
  5. 8. Earning interest on interest.
  6. 10. The value of the next best alternative that must be forgone as a result of a decision.
  7. 12. Money available at the present time (today) is worth more than the same amount if received in the future.
  8. 13. Price paid for using someone else’s money.
  9. 15. Giving up one thing for another
  10. 17. Accumulation of excess funds by intentionally spending less than you earn